Celestica (TSE:CLS) Price Target Raised to C$137.00

Celestica (TSE:CLS) (NYSE:CLS) had its target price hoisted by Cormark from C$93.00 to C$137.00 in a research report sent to investors on Thursday,BayStreet.CA reports. Cormark also issued estimates for Celestica’s Q4 2024 earnings at $1.46 EPS, FY2024 earnings at $5.07 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.56 EPS and FY2025 earnings at $5.80 EPS.

Several other brokerages have also issued reports on CLS. Barclays raised Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group raised Celestica to a “hold” rating in a report on Friday, November 22nd.

Celestica Stock Performance

TSE:CLS opened at C$165.78 on Thursday. The business’s fifty day moving average price is C$139.06 and its 200 day moving average price is C$99.85. The firm has a market capitalization of C$19.66 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. Celestica has a 12 month low of C$43.97 and a 12 month high of C$187.90. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54.

Insider Transactions at Celestica

In other news, Director Alok K. Agrawal sold 1,550 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$119.54, for a total transaction of C$185,293.91. Also, Director Robert Andrew Mionis sold 60,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. Over the last quarter, insiders sold 94,354 shares of company stock worth $10,780,754. Company insiders own 1.00% of the company’s stock.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.